Canada consults transfer pricing documentation amendments, various other tax measures
Canada's Department of Finance has released draft legislative proposals for public consultation on 23 July 2026 to implement a range of previously announced tax measures, along with other technical amendments to the country's tax
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Hungary: NAV cuts corporate allowances and tax types to meet RRF commitments, scraps trust and foundation tax exemptions
Hungary’s government has submitted Draft Law T/387 to the parliament on 17 July 2026 to implement commitments under the Recovery and Resilience Facility (RRF) plan by August 31, 2026, alongside other government programs. This legislative
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EU states push back on plans to tax transport fuels
The European Commission faces a pushback from ten member states over its strategy to impose a carbon price on heating and transport fuels. On 15 July 2026, Italy, Poland, Bulgaria, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Romania and
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Norway announces revised 2026 national budget, proposes higher pension and fuel tax relief
Finance Minister Jens Stoltenberg has unveiled Norway's Revised National Budget for 2026, emphasising economic stability amid global uncertainties. With ongoing trade tensions and conflict in the Middle East creating volatility, the government has
See MoreEU Parliament EUR 60 billion annually from new tax sources in 2028-34 budget, considers new levies on digital services, gambling, crypto
The European Parliament endorsed its position on the Interim report on the proposal for the multiannual financial framework for 2028-2034, which was approved on 28 April 2026. The seven-year budget proposal underscores Parliament's continued
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South Africa updates income tax, VAT, carbon tax rules
South African President has signed the Taxation Laws Amendment Act 5 of 2026, amending the Carbon Tax Act, 2019 and related Schedules. The Act was passed on 31 March 2026 and published in the Government Gazette on 1 April 2026. It introduces
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Ireland cuts tax on fuel, postpones carbon tax increase
Irish Revenue published eBrief No. 078/26 on 15 April 2026, announcing a reduction in mineral oil tax on certain fuels, and a postponement of the scheduled carbon tax increase. The Tax and Duty Manual on Excise Duty Rates on Energy Products and
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Colombia: DIAN updates fuel, carbon taxes for 2026
The Colombian National Tax and Customs Directorate (DIAN) has issued Resolution No. 000003 of 30 January 2026, updating fuel and carbon tax rates for 2026. National Fuel Tax Rates (COP per gallon) Fuel Type Standard Rate San Andrés,
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US: Treasury, IRS offers safe harbour for taxpayers claiming carbon capture credit
The US Department of the Treasury and the Internal Revenue Service provided guidance on 19 December 2025 for taxpayers claiming the tax credit for carbon capture and sequestration, which was expanded and modified in the One, Big, Beautiful
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Luxembourg implements 2026 Budget Bill
Luxembourg has enacted the 2026 budget bill following its adoption by parliament. The full budget bill was published in the Official Gazette on 19 December 2025. The government has finalised the Law of 19 December 2025, introducing targeted
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Finland: Parliament adopts budget for 2026
Finland’s parliament concluded its deliberations and voting on the 2026 Budget on 19 December 2025. The key tax measures, including the reduced corporate tax rates and the 2026 income tax schedule, have been adopted. The single reading of the
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Netherlands: Senate approves 2026 Tax Plan package
The Netherlands Senate approved the legislative proposals contained in the 2026 Tax Plan package on 16 December 2025. The measures will enter into force once they receive royal assent and are published in the Official Gazette. The Ministry of
See MoreNorway: Parliament approves 2026 budget bill, corporate tax rate unchanged
Norway’s parliament passed the proposed 2026 Budget bill on 5 December 2025. This follows Norway’s government's presentation of its 2026 state and national budget proposals on 15 October 2025. The bill boosts welfare, defence, and climate
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Belgium: SPF Finances announces importation of goods subject to CBAM from January 2026
Belgium’s tax authority (SPF Finances) announced, on 8 December 2025, that only importers holding a “carbon border adjustment mechanism (CBAM) declarant” authorisation will be permitted to import goods covered by the CBAM regulations. This
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Denmark: Ministry of Taxation proposes draft tax and duty reforms targeting environment, transport
Denmark’s Ministry of Taxation has released a draft legislation (2025/1 LSF 79) on 19 November 2025, proposing multiple changes to various tax and duty laws, focusing primarily on environmental and transportation policy. The draft bill
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OECD publishes report on recent trends in taxes on energy use, carbon pricing
The OECD published a report titled “Effective Carbon Rates 2025: Recent Trends in Taxes on Energy Use and Carbon Pricing”, which provides insights into how countries are implementing carbon taxes, emissions trading schemes, and fuel excise
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OECD: Carbon pricing mechanisms are evolving to meet a broader range of policy objectives
The OECD announced the release of a report, “Effective Carbon Rates 2025: Recent trends in taxes on energy use and carbon pricing on 13 November 2025, which presents information on how countries are using carbon taxes, emissions trading systems
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Zambia: MoF presents 2026 budget, promotes corporate investments in key sectors
Zambia’s Ministry of Finance and National Planning delivered the 2026 Budget Speech to the National Assembly on 26 September 2025, announcing a series of revenue measures aimed at strengthening domestic resource mobilisation, supporting small
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